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Firms hit with £27million fines for climate change scheme breaches

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News from the Environment Agency in the past week that 33 companies have been hit with significant fines for breaching climate change schemes serves as a timely reminder of the severe financial penalties for poor compliance.

The breaches related to several regulatory schemes, specifically the EU Emissions Trading System, CRC Energy Efficiency Scheme, Energy Savings Opportunity Scheme and Fluorinated Greenhouse Gas regime.

The fines, totalling £27million, were issued to companies across a wide range of sectors, including energy and power generation, brewing, automotive, insurance and manufacturing.

Commenting on the development, Colin Hindmarsh, managing director of carbon and energy consultancy, Envantage, said:

“We understand that these regulatory schemes are fraught with complexity, and it’s vital that you have robust procedures in place for meeting your obligations. While it may feel like a burden, with a best practice approach, these schemes can be a gateway to significant benefits for your organisation – helping to drive operational efficiencies, deliver savings and pave the way to a more sustainable future.”

To find out how Envantage can help your business with compliance schemes, click here.

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